(1,0071) The USD/CAD confirmed a weak closing below the low of Friday’s negative day reversal suggesting further downside risk. Only a daily closing below 1,0048 will however support further weakness toward the 200 days line at 0,9989!! The indicators of the daily chart are still well negative while those of the s/t ones are showing a mixed picture supporting further consolidation/ correction. In the s/t only an hourly closing above 1,0135 will postpone further weakness favouring a little higher levels!! We stay on the sideline.
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